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Distributed Fiber Optic Sensor Market with Covid-19 Impact Analysis by Fiber Type (Single-Mode, Multimode), Scattering Process, Operating Principle (O...

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Publication Date:  August, 2021

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1 INTRODUCTION 30
1.1 STUDY OBJECTIVES 30
1.2 MARKET DEFINITION 30
1.2.1 INCLUSIONS AND EXCLUSIONS 31
1.3 STUDY SCOPE 32
1.3.1 MARKETS COVERED 32
FIGURE 1 MARKET SEGMENTATION 32
1.3.2 GEOGRAPHIC SCOPE 32
1.3.3 YEARS CONSIDERED 33
1.4 CURRENCY 33
1.5 STAKEHOLDERS 33
1.6 SUMMARY OF CHANGES 34
2 RESEARCH METHODOLOGY 35
2.1 RESEARCH DATA 35
FIGURE 2 DISTRIBUTED FIBER OPTIC MARKET: RESEARCH DESIGN 35
2.1.1 SECONDARY DATA 36
2.1.1.1 Key data from secondary sources 37
2.1.2 PRIMARY DATA 37
2.1.2.1 Primary interviews with experts 37
2.1.2.2 Breakdown of primaries 38
2.1.2.3 Key data from primary sources 38
2.1.2.4 Key industry insights 39
2.2 MARKET SIZE ESTIMATION 40
FIGURE 3 DISTRIBUTED FIBER OPTIC SENSOR MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATIONS 40
2.2.1 TOP-DOWN APPROACH 40
2.2.1.1 Approach for capturing market share by top-down analysis
(supply side) 41
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 42
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 SUPPLY SIDE 43
2.2.2 BOTTOM-UP APPROACH 44
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 44
2.3 MARKET PROJECTIONS 44
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 45
FIGURE 6 DATA TRIANGULATION 45
2.5 RESEARCH ASSUMPTIONS 46
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 46
2.6 LIMITATIONS 47
2.7 RISK ASSESSMENT 47
3 EXECUTIVE SUMMARY 48
FIGURE 7 SINGLE-MODE DISTRIBUTED FIBER OPTIC SENSOR MARKET IS EXPECTED TO GROW AT HIGHER CAGR FROM 2021 TO 2026 49
FIGURE 8 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR STRAIN SENSING APPLICATION IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 49
FIGURE 9 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INFRASTRUCTURE VERTICAL IS EXPECTED TO GROW AT HIGHEST RATE FROM 2021 TO 2026 50
FIGURE 10 NORTH AMERICA HELD LARGEST SIZE OF DISTRIBUTED FIBER OPTIC SENSOR MARKET IN 2020 51
TABLE 2 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY 52
3.1 REALISTIC SCENARIO 53
3.2 OPTIMISTIC SCENARIO 53
3.3 PESSIMISTIC SCENARIO 53
FIGURE 11 GROWTH PROJECTIONS OF DISTRIBUTED FIBER OPTIC SENSING MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS, 2017–2026 53
TABLE 3 DISTRIBUTED FIBER OPTIC SENSING MARKET: COVID-19 IMPACT ANALYSIS, 2017-2026 54
FIGURE 12 IMPACT OF COVID-19 ON DISTRIBUTED FIBER OPTIC SENSING MARKET 54
4 PREMIUM INSIGHTS 56
4.1 ATTRACTIVE OPPORTUNITIES IN DISTRIBUTED FIBER OPTIC SENSOR MARKET 56
FIGURE 13 DISTRIBUTED FIBER OPTIC SENSOR MARKET IS EXPECTED TO GROW AT SIGNIFICANT RATE OWING TO INCREASING DEMAND FROM OIL & GAS AND INFRASTRUCTURE VERTICALS 56
4.2 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY FIBER TYPE (2021–2026) 57
FIGURE 14 MULTIMODE FIBER-BASED SENSORS EXPECTED TO LEAD DISTRIBUTED FIBER OPTIC SENSOR MARKET IN 2026 57
4.3 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY APPLICATION 57
FIGURE 15 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR STRAIN SENSING APPLICATION IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 57
4.4 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 58
FIGURE 16 OIL & GAS VERTICAL AND US ARE LIKELY TO BE MAJOR SHAREHOLDERS OF DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA IN 2021 58
4.5 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY COUNTRY 58
FIGURE 17 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN CHINA IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 58
5 MARKET OVERVIEW 59
5.1 INTRODUCTION 59
5.2 MARKET DYNAMICS 59
FIGURE 18 IMPACT OF DRIVERS AND OPPORTUNITIES ON DISTRIBUTED FIBER OPTIC SENSOR MARKET 60
FIGURE 19 IMPACT OF RESTRAINTS AND CHALLENGES ON DISTRIBUTED FIBER OPTIC SENSOR MARKET 61
FIGURE 20 RISING APPLICATIONS IN OIL & GAS VERTICAL DRIVE DISTRIBUTED FIBER OPTIC SENSOR MARKET 62
5.2.1 DRIVERS 62
5.2.1.1 Rising applications in oil & gas vertical 62
5.2.1.2 Surging demand from infrastructure vertical 63
5.2.1.3 Reliability of distributed fiber optic sensors while working in challenging environments 63
5.2.2 RESTRAINT 63
5.2.2.1 Technical issues in installation of distributed fiber optic sensors 63
5.2.3 OPPORTUNITIES 64
5.2.3.1 Growing demand for data-based analysis 64
5.2.3.2 High potential in offshore industry 64
5.2.3.3 Stringent statutory regulations regarding leak detection 64
5.2.4 CHALLENGE 65
5.2.4.1 High cost of distributed fiber optic sensor systems 65
5.3 GOVERNMENT STANDARDS RELATED TO FIBER OPTIC SENSORS 65
5.3.1 STANDARDS 65
5.3.2 US 65
5.3.2.1 ASTM F3079-14 65
5.3.2.2 ASTM E1653–94 65
5.3.2.3 ISA TR12.21.01 65
5.3.3 CANADA 66
5.3.3.1 CSA C22.2 NO 232 66
5.3.4 EUROPE 66
5.3.4.1 IEC 61757-1:2012 66
5.3.4.2 IEC 61757-1-1:2016 66
5.3.4.3 IEC 61757-3-1: (IEC 86C/1267/CD:2014) (Germany) 66
5.3.4.4 IEC 60794-3-70 66
5.3.4.5 UL 61010-1 67
5.4 CASE STUDIES 67
5.4.1 AP SENSING UTILIZED ITS DISTRIBUTED ACOUSTIC SYSTEM FOR CABLE FAULT DETECTION 67
5.4.2 DEUTSCHE BAHN UTILIZED DISTRIBUTED ACOUSTIC SENSING UNIT TO MONITOR CABLE THEFT 67
5.4.3 PUBLIC WORKS AUTHORITY OF QATAR UTILIZED LINEAR HEAT DETECTION SYSTEMS EQUIPPED WITH DTS AND DAS FOR MONITORING PURPOSES 67
5.4.4 SENSORNET UTILIZED ITS DISTRIBUTED TEMPERATURE SENSOR FOR TEMPERATURE AND STRAIN MONITORING PURPOSES 67
5.4.5 SCHLUMBERGER SHOWCASED WELLWATCHER BRITEBLUE HT DTS FIBER SENSOR FOR MONITORING STEAM FLOOD OPERATING TEMPERATURE IN CANADA 68
5.4.6 SCHLUMBERGER SHOWCASED HDVS DISTRIBUTED ACOUSTIC SENSING SYSTEM FOR BOREHOLE SEISMIC SURVEY IN BELGIUM 68
5.5 AVERAGE SELLING PRICE (ASP) ANALYSIS 68
FIGURE 21 AVERAGE SELLING PRICE ANALYSIS FOR DISTRIBUTED FIBER OPTIC SENSOR MARKET 68
6 INDUSTRY TRENDS 70
6.1 INTRODUCTION 70
6.2 VALUE CHAIN ANALYSIS 70
FIGURE 22 VALUE CHAIN ANALYSIS OF DISTRIBUTED FIBER OPTIC SENSOR ECOSYSTEM 71
6.3 ECOSYSTEM/MARKET MAP 73
FIGURE 23 DISTRIBUTED FIBER OPTIC SENSOR MARKET: ECOSYSTEM 73
FIGURE 24 DISTRIBUTED FIBER OPTIC SENSOR MARKET: PLAYER ECOSYSTEM 74
6.3.1 MATERIAL AND COMPONENT PROVIDERS 74
6.3.2 SENSOR MANUFACTURERS 74
6.3.3 END USERS 74
6.4 DISTRIBUTED FIBER OPTIC SENSOR MARKET: SUPPLY CHAIN ANALYSIS 75
6.5 TECHNOLOGY ANALYSIS 76
6.5.1 QUASI DISTRIBUTED SENSING 76
6.5.2 DISTRIBUTED SENSING 76
6.5.3 INTERFEROMETRY 76
6.6 TECHNOLOGY TRENDS 77
6.6.1 MINIATURIZATION OF DISTRIBUTED FIBER OPTIC SENSING CABLES AND SENSORS 77
6.7 PATENT ANALYSIS 77
FIGURE 25 NUMBER OF PATENTS RELATED TO DISTRIBUTED FIBER OPTIC SENSORS GRANTED DURING 2010–2020 77
6.7.1 LIST OF MAJOR PATENTS 78
6.8 TRADE DATA 83
6.8.1 IMPORT DATA 83
FIGURE 26 IMPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020 83
TABLE 4 IMPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020 (USD MILLION) 84
6.8.2 EXPORT DATA 84
FIGURE 27 EXPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020 84
TABLE 5 EXPORT DATA FOR HS CODE 9001, BY COUNTRY, 2016–2020 (USD MILLION) 85
6.9 PORTER’S FIVE FORCES ANALYSIS 86
TABLE 6 DISTRIBUTED FIBER OPTIC SENSOR MARKET: PORTER’S FIVE FORCES ANALYSIS 86
FIGURE 28 PORTER’S FIVE FORCES ANALYSIS: DISTRIBUTED FIBER OPTIC SENSOR MARKET 87
6.9.1 DEGREE OF COMPETITION 87
6.9.2 THREAT OF NEW ENTRANTS 87
6.9.3 THREAT OF SUBSTITUTES 88
6.9.4 BARGAINING POWER OF SUPPLIERS 88
6.9.5 BARGAINING POWER OF BUYERS 88
6.10 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES (YC-YCC SHIFT ) 89
FIGURE 29 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 89
7 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY FIBER TYPE 90
7.1 INTRODUCTION 91
FIGURE 30 MULTIMODE FIBER-BASED SENSORS ARE EXPECTED TO HOLD LARGER SIZE OF DISTRIBUTED FIBER OPTIC SENSOR MARKET BETWEEN 2021 AND 2026 91
TABLE 7 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY FIBER TYPE,
2017–2020 (USD MILLION) 91
TABLE 8 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY FIBER TYPE,
2021–2026 (USD MILLION) 91
7.2 MULTIMODE FIBER 92
7.2.1 DEMAND FOR HIGHER ACCURACY AND PRECISION FOR MEASUREMENT IN VARIOUS VERTICALS IS FUELLING GROWTH OF MULTIMODE FIBER MARKET 92
FIGURE 31 MARKET FOR MULTIMODE FIBER-BASED SENSORS IN APAC IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 93
TABLE 9 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR MULTIMODE FIBER,
BY REGION, 2017–2020 (USD MILLION) 93
TABLE 10 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR MULTIMODE FIBER,
BY REGION, 2021–2026 (USD MILLION) 93
7.3 SINGLE-MODE FIBER 94
7.3.1 RISING NEED FOR MONITORING OVER LONGER DISTANCES IN VERTICALS SUCH AS POWER AND UTILITY IS DRIVING GROWTH OF SINGLE-MODE FIBER MARKET 94
TABLE 11 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR SINGLE-MODE FIBER,
BY REGION, 2017–2020 (USD MILLION) 94
TABLE 12 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR SINGLE-MODE FIBER,
BY REGION, 2021–2026 (USD MILLION) 94
7.4 IMPACT OF COVID-19 ON MARKET, BY FIBER TYPE 95
8 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY OPERATING PRINCIPLE 96
8.1 INTRODUCTION 97
FIGURE 32 OTDR-BASED SENSORS ARE EXPECTED TO HOLD LARGER SIZE OF DISTRIBUTED FIBER OPTIC SENSOR MARKET DURING FORECAST PERIOD 97
TABLE 13 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY OPERATING PRINCIPLE, 2017–2020 (USD MILLION) 97
TABLE 14 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY OPERATING PRINCIPLE, 2021–2026 (USD MILLION) 98
8.2 OPTICAL TIME-DOMAIN REFLECTOMETRY 98
8.2.1 HIGH ADOPTION DUE TO ACCURACY AND ROBUSTNESS IN MEASUREMENT OF TEMPERATURE, STRAIN, AND ACOUSTICS 98
TABLE 15 OTDR-BASED DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY REGION, 2017–2020 (USD MILLION) 99
TABLE 16 OTDR-BASED DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY REGION, 2021–2026 (USD MILLION) 99
8.3 OPTICAL FREQUENCY DOMAIN REFLECTOMETRY 99
8.3.1 INCREASED ADOPTION OWING TO NEED FOR LOW COST TECHNOLOGY 99
TABLE 17 OFDR-BASED DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY REGION, 2017–2020 (USD MILLION) 100
TABLE 18 OFDR-BASED DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY REGION, 2021–2026 (USD MILLION) 100
9 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY SCATTERING METHOD 101
9.1 INTRODUCTION 102
FIGURE 33 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR RAYLEIGH SCATTERING EFFECT METHOD IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 102
TABLE 19 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY SCATTERING METHOD, 2017–2020 (USD MILLION) 102
TABLE 20 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY SCATTERING METHOD, 2021–2026 (USD MILLION) 103
9.2 RAYLEIGH SCATTERING EFFECT 104
9.2.1 SURGING ADOPTION DUE TO ITS CAPABILITY TO MEASURE ALMOST ALL TYPES OF PHYSICAL PARAMETERS 104
9.3 RAMAN SCATTERING EFFECT 104
9.3.1 RISING DEMAND FOR TEMPERATURE SENSING IN OIL & GAS VERTICAL IS FUELLING USE OF RAMAN SCATTERING 104
9.4 BRILLOUIN SCATTERING EFFECT 104
9.4.1 GROWING DEMAND FOR STRUCTURAL HEALTH MONITORING IS BOOSTING ADOPTION OF BRILLOUIN SCATTERING EFFECT 104
9.5 FIBER BRAGG GRATING 104
9.5.1 FBG SENSORS MAINLY USED FOR INFRASTRUCTURE, INDUSTRIAL, AND OIL & GAS VERTICALS 104
10 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY APPLICATION 105
10.1 INTRODUCTION 106
FIGURE 34 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR TEMPERATURE SENSING APPLICATION IS EXPECTED TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 106
TABLE 21 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY APPLICATION,
2017–2020 (USD MILLION) 106
TABLE 22 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY APPLICATION,
2021–2026 (USD MILLION) 107
TABLE 23 DISTRIBUTED FIBER OPTIC SENSOR MARKET, IN TERMS OF VOLUME,
BY APPLICATION, 2020–2026 (THOUSAND UNITS) 108
10.2 TEMPERATURE SENSING 108
10.2.1 GROWING DEMAND FOR DATA-BASED DECISION MAKING COUPLED WITH COST-EFFECTIVENESS IS DRIVING MARKET FOR TEMPERATURE SENSING APPLICATION 108
FIGURE 35 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR TEMPERATURE SENSING APPLICATION IN OIL & GAS VERTICAL IS EXPECTED TO HOLD LARGEST SIZE DURING FORECAST PERIOD 108
TABLE 24 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR TEMPERATURE SENSING, BY VERTICAL, 2017–2020 (USD MILLION) 109
TABLE 25 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR TEMPERATURE SENSING, BY VERTICAL, 2021–2026 (USD MILLION) 109
FIGURE 36 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR TEMPERATURE SENSING APPLICATION IN APAC IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 109
TABLE 26 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR TEMPERATURE SENSING, BY REGION, 2017–2020 (USD MILLION) 110
TABLE 27 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR TEMPERATURE SENSING, BY REGION, 2021–2026 (USD MILLION) 110
10.3 ACOUSTIC SENSING 110
10.3.1 HIGH DEMAND FOR MONITORING AND SURVEILLANCE OF PIPELINE SYSTEMS IS DRIVING ADOPTION OF DISTRIBUTED ACOUSTIC SENSORS 110
TABLE 28 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR ACOUSTIC SENSING,
BY VERTICAL, 2017–2020 (USD MILLION) 111
TABLE 29 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR ACOUSTIC SENSING,
BY VERTICAL, 2021–2026 (USD MILLION) 111
FIGURE 37 NORTH AMERICA IS EXPECTED TO HOLD LARGEST SIZE OF DISTRIBUTED FIBER OPTIC MARKET FOR ACOUSTIC SENSING APPLICATION DURING FORECAST PERIOD 111
TABLE 30 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR ACOUSTIC SENSING,
BY REGION, 2017–2020 (USD MILLION) 112
TABLE 31 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR ACOUSTIC SENSING,
BY REGION, 2021–2026 (USD MILLION) 112
10.4 STRAIN SENSING 112
10.4.1 RISING DEMAND FOR INFRASTRUCTURAL DEVELOPMENTS IN VARIOUS REGIONS SUCH AS APAC IS DRIVING GROWTH OF MARKET FOR STRAIN SENSING APPLICATION 112
TABLE 32 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR STRAIN SENSING,
BY VERTICAL, 2017–2020 (USD MILLION) 113
TABLE 33 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR STRAIN SENSING,
BY VERTICAL, 2021–2026 (USD MILLION) 113
TABLE 34 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR STRAIN SENSING,
BY REGION, 2017–2020 (USD MILLION) 113
TABLE 35 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR STRAIN SENSING,
BY REGION, 2021–2026 (USD MILLION) 114
11 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY VERTICAL 115
11.1 INTRODUCTION 116
FIGURE 38 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR OIL & GAS VERTICAL IS EXPECTED TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD 116
TABLE 36 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY VERTICAL,
2017–2020 (USD MILLION) 116
TABLE 37 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY VERTICAL,
2021–2026 (USD MILLION) 117
11.2 OIL & GAS 117
11.2.1 HIGH ADOPTION DUE TO APPLICATIONS SUCH AS LEAK DETECTION, DOWNHOLE MONITORING, AND REAL-TIME MEASUREMENT 117
TABLE 38 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR OIL & GAS VERTICAL,
BY APPLICATION, 2017–2020 (USD MILLION) 118
TABLE 39 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR OIL & GAS VERTICAL,
BY APPLICATION, 2021–2026 (USD MILLION) 118
FIGURE 39 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR OIL & GAS VERTICAL IN APAC EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 118
TABLE 40 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR OIL & GAS VERTICAL MARKET, BY REGION, 2017–2020 (USD MILLION) 119
TABLE 41 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR OIL & GAS VERTICAL MARKET, BY REGION, 2021–2026 (USD MILLION) 119
11.3 POWER AND UTILITY 119
11.3.1 RISING NEED FOR POWER CABLE MONITORING IS DRIVING ADOPTION OF DISTRIBUTED FIBER OPTIC SENSORS IN SAID VERTICAL 119
TABLE 42 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR POWER AND UTILITY VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION) 120
TABLE 43 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR POWER AND UTILITY VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION) 120
TABLE 44 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR POWER AND UTILITY VERTICAL, BY REGION, 2017–2020 (USD MILLION) 120
TABLE 45 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR POWER AND UTILITY VERTICAL, BY REGION, 2021–2026 (USD MILLION) 121
11.4 SAFETY AND SECURITY 121
11.4.1 SURGING NEED FOR PROTECTION OF CRITICAL INFRASTRUCTURES AND BORDERS IS DRIVING GROWTH OF SAID MARKET 121
TABLE 46 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR SAFETY AND SECURITY VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION) 121
TABLE 47 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR SAFETY AND SECURITY VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION) 121
FIGURE 40 APAC HOLDS LARGEST SIZE OF DISTRIBUTED FIBER OPTIC MARKET FOR SAFETY AND SECURITY VERTICAL DURING FORECAST PERIOD 122
TABLE 48 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR SAFETY AND SECURITY VERTICAL, BY REGION, 2017–2020 (USD MILLION) 122
TABLE 49 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR SAFETY AND SECURITY VERTICAL, BY REGION, 2021–2026 (USD MILLION) 122
11.5 INDUSTRIAL 123
11.5.1 RISING PROMINENCE OF INDUSTRIAL PROCESS MONITORING IS FUELLING ADOPTION OF DISTRIBUTED SENSORS IN INDUSTRIAL VERTICAL 123
TABLE 50 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INDUSTRIAL VERTICAL,
BY APPLICATION, 2017–2020 (USD MILLION) 123
TABLE 51 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INDUSTRIAL VERTICAL,
BY APPLICATION, 2021–2026 (USD MILLION) 123
TABLE 52 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INDUSTRIAL VERTICAL,
BY REGION, 2017–2020 (USD MILLION) 124
TABLE 53 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INDUSTRIAL VERTICAL,
BY REGION, 2021–2026 (USD MILLION) 124
11.6 INFRASTRUCTURE 124
11.6.1 INCREASING STRUCTURAL HEALTH MONITORING-BASED APPLICATIONS ARE DRIVING GROWTH OF SAID MARKET IN INFRASTRUCTURE VERTICAL 124
TABLE 54 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INFRASTRUCTURE VERTICAL, BY APPLICATION, 2017–2020 (USD MILLION) 125
TABLE 55 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INFRASTRUCTURE VERTICAL, BY APPLICATION, 2021–2026 (USD MILLION) 125
FIGURE 41 APAC EXPECTED TO HOLD LARGEST SIZE OF DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INFRASTRUCTURE VERTICAL IN 2026 125
TABLE 56 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2017–2020 (USD MILLION) 126
TABLE 57 DISTRIBUTED FIBER OPTIC SENSOR MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2021–2026 (USD MILLION) 126
11.7 IMPACT OF COVID-19 ON MARKET, BY VERTICAL 126
12 GEOGRAPHIC ANALYSIS 128
12.1 INTRODUCTION 129
FIGURE 42 NORTH AMERICA TO LEAD DISTRIBUTED FIBER OPTIC SENSOR MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD 129
TABLE 58 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY REGION,
2017–2020 (USD MILLION) 130
TABLE 59 DISTRIBUTED FIBER OPTIC SENSOR MARKET, BY REGION,
2021–2026 (USD MILLION) 130
12.2 NORTH AMERICA 131
FIGURE 43 DISTRIBUTED FIBER OPTIC SENSOR MARKET SNAPSHOT—NORTH AMERICA 131
FIGURE 44 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN US IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 132
TABLE 60 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY COUNTRY, 2017–2020 (USD MILLION) 132
TABLE 61 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY COUNTRY, 2021–2026 (USD MILLION) 132
TABLE 62 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY FIBER TYPE, 2017–2020 (USD MILLION) 133
TABLE 63 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY FIBER TYPE, 2021–2026 (USD MILLION) 133
TABLE 64 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY APPLICATION, 2017–2020 (USD MILLION) 133
TABLE 65 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY APPLICATION, 2021–2026 (USD MILLION) 133
TABLE 66 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY VERTICAL, 2017–2020 (USD MILLION) 134
TABLE 67 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN NORTH AMERICA,
BY VERTICAL, 2021–2026 (USD MILLION) 134
12.2.1 US 134
12.2.1.1 Rising investments in pipelines, industrial automation, and technological innovation are driving market for distributed
fiber optic sensors 134
12.2.2 CANADA 135
12.2.2.1 Increasing adoption of safety measures and standards to surge growth of distributed fiber optic sensor market 135
12.2.3 MEXICO 135
12.2.3.1 Ongoing developments in oil & gas and safety and security verticals to boost growth of distributed fiber optic sensor market 135
12.3 MIDDLE EAST 136
FIGURE 45 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN SAUDI ARABIA EXPECTED TO LEAD MARKET, IN TERMS OF SIZE, DURING FORECAST PERIOD 136
TABLE 68 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST, BY COUNTRY, 2017–2020 (USD MILLION) 136
TABLE 69 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST, BY COUNTRY, 2021–2026 (USD MILLION) 137
TABLE 70 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST, BY FIBER TYPE, 2017–2020 (USD MILLION) 137
TABLE 71 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST, BY FIBER TYPE, 2021–2026 (USD MILLION) 137
TABLE 72 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST,
BY APPLICATION, 2017–2020 (USD MILLION) 137
TABLE 73 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST,
BY APPLICATION, 2021–2026 (USD MILLION) 138
TABLE 74 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST, BY VERTICAL, 2017–2020 (USD MILLION) 138
TABLE 75 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN MIDDLE EAST, BY VERTICAL, 2021–2026 (USD MILLION) 138
12.3.1 SAUDI ARABIA 139
12.3.1.1 Rising number of oil and gas production projects in country drives growth of said market 139
12.3.2 IRAQ 139
12.3.2.1 Upcoming oil- and gas-related projects to enhance growth of distributed sensor market 139
12.3.3 IRAN 139
12.3.3.1 Ongoing developments in oil and gas pipeline infrastructure to upsurge market for distributed fiber optic sensors 139
12.3.4 REST OF MIDDLE EAST 140
12.4 EUROPE 140
FIGURE 46 DISTRIBUTED FIBER OPTIC SENSOR MARKET SNAPSHOT—EUROPE 140
FIGURE 47 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN RUSSIA IS EXPECTED TO CONTRIBUTE LARGEST MARKET SHARE DURING FORECAST PERIOD 141
TABLE 76 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY REGION,
2017–2020 (USD MILLION) 141
TABLE 77 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY REGION,
2021–2026 (USD MILLION) 141
TABLE 78 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY FIBER TYPE, 2017–2020 (USD MILLION) 142
TABLE 79 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY FIBER TYPE, 2021–2026 (USD MILLION) 142
TABLE 80 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY APPLICATION, 2017–2020 (USD MILLION) 142
TABLE 81 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY APPLICATION, 2021–2026 (USD MILLION) 142
TABLE 82 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY VERTICAL, 2017–2020 (USD MILLION) 143
TABLE 83 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN EUROPE, BY VERTICAL, 2021–2026 (USD MILLION) 143
12.4.1 RUSSIA 143
12.4.1.1 Russia being one of largest oil producers provides opportunities for market growth 143
12.4.2 SCANDINAVIA 144
12.4.2.1 Increasing penetration of renewable energy in Scandinavian countries to surge market growth 144
12.4.3 GERMANY 144
12.4.3.1 Rising infrastructural development is driving growth of said market 144
12.4.4 UK 144
12.4.4.1 Vast network of power transmission as well as significant focus on oil and gas to drive market growth 144
12.4.5 REST OF EUROPE 144
12.5 ASIA PACIFIC 145
FIGURE 48 DISTRIBUTED FIBER OPTIC SENSOR MARKET SNAPSHOT—APAC 145
FIGURE 49 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN CHINA IS EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 146
TABLE 84 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY COUNTRY,
2017–2020 (USD MILLION) 146
TABLE 85 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY COUNTRY,
2021–2026 (USD MILLION) 146
TABLE 86 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY FIBER TYPE,
2017–2020 (USD MILLION) 147
TABLE 87 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY FIBER TYPE,
2021–2026 (USD MILLION) 147
TABLE 88 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY APPLICATION, 2017–2020 (USD MILLION) 147
TABLE 89 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY APPLICATION, 2021–2026 (USD MILLION) 147
TABLE 90 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY VERTICAL,
2017–2020 (USD MILLION) 148
TABLE 91 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN APAC, BY VERTICAL,
2021–2026 (USD MILLION) 148
12.5.1 CHINA 148
12.5.1.1 Surging demand for electricity and natural gas to accelerate market growth 148
12.5.2 INDIA 149
12.5.2.1 Growing government support to encourage oil & gas and infrastructure sectors to surge adoption of distributed sensors 149
12.5.3 INDONESIA 149
12.5.3.1 Ongoing oil and gas exploration activities to contribute to demand for distributed fiber optic sensors 149
12.5.4 JAPAN 149
12.5.4.1 Increasing demand for distributed fiber optic sensors from oil & gas and energy sectors 149
12.5.5 REST OF APAC 150
12.6 REST OF THE WORLD 150
FIGURE 50 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN SOUTH AND CENTRAL AMERICA IS EXPECTED TO GROW AT HIGHER RATE IN ROW DURING FORECAST PERIOD 150
TABLE 92 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY REGION,
2017–2020 (USD MILLION) 150
TABLE 93 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY REGION,
2021–2026 (USD MILLION) 151
TABLE 94 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN SOUTH AMERICA AND CENTRAL AMERICA, BY COUNTRY, 2017–2020 (USD MILLION) 151
TABLE 95 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN SOUTH AMERICA AND CENTRAL AMERICA, BY COUNTRY, 2021–2026 (USD MILLION) 151
TABLE 96 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY FIBER TYPE,
2017–2020 (USD MILLION) 152
TABLE 97 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY FIBER TYPE,
2021–2026 (USD MILLION) 152
TABLE 98 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY APPLICATION, 2017–2020 (USD MILLION) 152
TABLE 99 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY APPLICATION, 2021–2026 (USD MILLION) 152
TABLE 100 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY VERTICAL,
2017–2020 (USD MILLION) 153
TABLE 101 DISTRIBUTED FIBER OPTIC SENSOR MARKET IN ROW, BY VERTICAL,
2021–2026 (USD MILLION) 153
12.6.1 AFRICA 153
12.6.1.1 Government initiatives to enhance industrial sector in Africa to drive market for distributed fiber optic sensors 153
12.6.2 SOUTH AMERICA AND CENTRAL AMERICA 154
12.6.2.1 Brazil 154
12.6.2.1.1 High level of expenditure by government on infrastructure to surge demand for distributed fiber optic sensors 154
12.6.2.2 Argentina 154
12.6.2.2.1 Growing industrial and safety and security verticals to escalate market growth 154
12.6.2.3 Venezuela 155
12.6.2.3.1 Factors such as safe production and transportation of petrochemical products to drive market for distributed fiber optic sensors 155
12.6.2.4 Rest of South and Central America 155
12.7 IMPACT OF COVID 19 ON MARKET, BY REGION 155
13 COMPETITIVE LANDSCAPE 156
13.1 OVERVIEW 156
13.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 156
TABLE 102 OVERVIEW OF STRATEGIES DEPLOYED BY KEY DISTRIBUTED FIBER OPTIC SENSOR MANUFACTURERS 156
13.2.1 PRODUCT PORTFOLIO 157
13.2.2 REGIONAL FOCUS 157
13.2.3 MANUFACTURING FOOTPRINT 157
13.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 157
13.3 MARKET SHARE ANALYSIS: DISTRIBUTED FIBER OPTIC SENSOR MARKET, 2020 158
FIGURE 51 DISTRIBUTED FIBER OPTIC SENSOR MARKET SHARE ANALYSIS, 2020 158
TABLE 103 DEGREE OF COMPETITION, 2020 158
13.4 FIVE-YEAR COMPANY REVENUE ANALYSIS 159
FIGURE 52 FIVE-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN DISTRIBUTED FIBER OPTIC SENSOR MARKET 159
13.5 COMPANY EVALUATION QUADRANT 160
13.5.1 STAR 160
13.5.2 EMERGING LEADER 160
13.5.3 PERVASIVE 160
13.5.4 PARTICIPANT 160
FIGURE 53 DISTRIBUTED FIBER OPTIC SENSING MARKET: COMPANY EVALUATION QUADRANT, 2020 161
13.5.5 COMPETITIVE BENCHMARKING 162
FIGURE 54 OVERALL COMPANY FOOTPRINT 162
TABLE 104 COMPANY PRODUCT FOOTPRINT 163
TABLE 105 COMPANY VERTICAL FOOTPRINT 164
TABLE 106 COMPANY REGION FOOTPRINT 165
13.6 START-UP/SME EVALUATION MATRIX 166
TABLE 107 LIST OF START-UP COMPANIES IN DISTRIBUTED FIBER OPTIC SENSOR MARKET 166
13.6.1 PROGRESSIVE COMPANIES 167
13.6.2 RESPONSIVE COMPANIES 167
13.6.3 DYNAMIC COMPANIES 167
13.6.4 STARTING BLOCKS 167
FIGURE 55 DISTRIBUTED FIBER OPTIC SENSOR MARKET, STARTUP/SME EVALUATION MATRIX, 2020 168
13.7 COMPETITIVE SCENARIO AND TRENDS 169
13.7.1 PRODUCT LAUNCHES 169
TABLE 108 PRODUCT LAUNCHES, 2019–2021 169
13.7.2 DEALS 171
TABLE 109 DEALS, 2019–2021 171
13.7.3 OTHERS 174
TABLE 110 OTHERS, 2019–2021 174
14 COMPANY PROFILES 176
14.1 KEY PLAYERS 176
(Business overview, Products offered, Recent developments, Product launches, Deals, Others, COVID-19-related developments, MnM view, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats)*
14.1.1 SCHLUMBERGER 176
TABLE 111 SCHLUMBERGER : BUSINESS OVERVIEW 176
FIGURE 56 SCHLUMBERGER: COMPANY SNAPSHOT 177
TABLE 112 SCHLUMBERGER: PRODUCTS OFFERED 177
TABLE 113 SCHLUMBERGER : PRODUCT LAUNCHES 178
TABLE 114 SCHLUMBERGER: DEALS 179
TABLE 115 SCHLUMBERGER: OTHERS 180
14.1.2 HALLIBURTON 183
TABLE 116 HALLIBURTON: BUSINESS OVERVIEW 183
FIGURE 57 HALLIBURTON: COMPANY SNAPSHOT 184
TABLE 117 HALLIBURTON: PRODUCTS OFFERED 184
TABLE 118 HALLIBURTON: PRODUCT LAUNCHES 185
TABLE 119 HALLIBURTON: DEALS 185
TABLE 120 HALLIBURTON: OTHERS 186
14.1.3 YOKOGAWA ELECTRIC 188
TABLE 121 YOKOGAWA ELECTRIC: BUSINESS OVERVIEW 188
FIGURE 58 YOKOGAWA ELECTRIC: COMPANY SNAPSHOT 189
TABLE 122 YOKOGAWA ELECTRIC: PRODUCTS OFFERED 189
TABLE 123 YOKOGAWA ELECTRIC: PRODUCT LAUNCHES 190
TABLE 124 YOKOGAWA ELECTRIC: DEALS 191
TABLE 125 YOKOGAWA ELECTRIC: OTHERS 192
14.1.4 WEATHERFORD INTERNATIONAL 194
TABLE 126 WEATHERFORD INTERNATIONAL: BUSINESS OVERVIEW 194
FIGURE 59 WEATHERFORD INTERNATIONAL: COMPANY SNAPSHOT 195
TABLE 127 WEATHERFORD INTERNATIONAL: PRODUCTS OFFERED 195
TABLE 128 WEATHERFORD INTERNATIONAL: PRODUCT LAUNCHES 196
TABLE 129 WEATHERFORD INTERNATIONAL: DEALS 196
14.1.5 LUNA INNOVATIONS 198
TABLE 130 LUNA INNOVATIONS: BUSINESS OVERVIEW 198
FIGURE 60 LUNA INNOVATIONS: COMPANY SNAPSHOT 199
TABLE 131 LUNA INNOVATIONS: PRODUCTS OFFERED 199
TABLE 132 LUNA INNOVATIONS: PRODUCT LAUNCHES 201
TABLE 133 LUNA INNOVATIONS: DEALS 201
TABLE 134 LUNA INNOVATIONS: OTHERS 203
14.1.6 OFS 205
TABLE 135 OFS: BUSINESS OVERVIEW 205
TABLE 136 OFS FITEL: PRODUCTS OFFERED 206
TABLE 137 OFS: PRODUCT LAUNCHES 207
TABLE 138 OFS: DEALS 208
TABLE 139 OFS: OTHERS 208
14.1.7 BANDWEAVER 209
TABLE 140 BANDWEAVER: BUSINESS OVERVIEW 209
TABLE 141 BANDWEAVER: PRODUCTS OFFERED 209
TABLE 142 BANDWEAVER: DEALS 210
14.1.8 OMNISENS 213
TABLE 143 OMNISENS: BUSINESS OVERVIEW 213
TABLE 144 OMNISENS: PRODUCTS OFFERED 213
TABLE 145 OMNISENS: DEALS 215
14.1.9 AP SENSING 216
TABLE 146 AP SENSING: BUSINESS OVERVIEW 216
TABLE 147 AP SENSING: PRODUCTS OFFERED 216
TABLE 148 AP SENSING: PRODUCT LAUNCHES 217
TABLE 149 AP SENSING: OTHERS 217
14.1.10 DARKPULSE 220
TABLE 150 DARKPULSE: BUSINESS OVERVIEW 220
TABLE 151 DARKPULSE: PRODUCTS OFFERED 220
TABLE 152 DARKPULSE: DEALS 221
TABLE 153 OTHERS 222
*Business overview, Products offered, Recent developments, Product launches, Deals, Others, COVID-19-related developments, MnM view, Key strengths/right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
14.2 OTHER KEY PLAYERS 223
14.2.1 AFL 223
14.2.2 ARAGON PHOTONICS LABS 224
14.2.3 CORNING 225
14.2.4 FOTECH 225
14.2.5 HIFI ENGINEERING 226
14.2.6 HAWK MEASUREMENT 227
14.2.7 NKT PHOTONICS 228
14.2.8 OPTROMIX 228
14.2.9 OZ OPTICS 229
14.2.10 SENSORNET 230
14.2.11 SENSURON 231
14.2.12 SILIXA 232
14.2.13 SOLIFOS 232
14.2.14 VIAVI SOLUTIONS 233
14.2.15 ZIEBEL 233
15 APPENDIX 234
15.1 DISCUSSION GUIDE 234
15.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 237
15.3 AVAILABLE CUSTOMIZATIONS 239
15.4 RELATED REPORTS 239
15.5 AUTHOR DETAILS 240

Telecom Power System Market by grid type (On-Grid, Off-Grid, Bad grid), component, power source, Technology, (AC power system, DC power system), Power...

Publisher:        MarketsandMarkets

# of Pages:        230

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Publication Date:  March, 2022

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1 INTRODUCTION 22
1.1 STUDY OBJECTIVES 22
1.2 MARKET DEFINITION 22
1.3 STUDY SCOPE 23
1.3.1 MARKET SEGMENTATION 23
FIGURE 1 TELECOM POWER SYSTEM MARKET SEGMENTATION 23
1.3.2 GEOGRAPHIC SCOPE 23
1.3.3 INCLUSIONS AND EXCLUSIONS 24
1.3.4 YEARS CONSIDERED 25
1.4 CURRENCY 25
1.5 STAKEHOLDERS 25
1.6 SUMMARY OF CHANGES 26
2 RESEARCH METHODOLOGY 27
2.1 RESEARCH DATA 27
FIGURE 2 TELECOM POWER SYSTEM MARKET: RESEARCH DESIGN 27
2.1.1 SECONDARY DATA 28
2.1.1.1 Secondary sources 28
2.1.2 PRIMARY DATA 29
2.1.2.1 Primary interviews with experts 29
2.1.2.2 Breakdown of primary interviews 29
2.1.2.3 Key data from primary sources 30
2.1.2.4 Key industry insights 30
2.2 MARKET SIZE ESTIMATION 31
FIGURE 3 TELECOM POWER SYSTEM MARKET: PROCESS FLOW OF MARKET SIZE ESTIMATION 31
2.2.1 TOP-DOWN APPROACH 31
2.2.1.1 Approach for capturing market size by top-down analysis
(supply side) 32
FIGURE 4 TOP-DOWN APPROACH: MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1 SUPPLY SIDE 32
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - SUPPLY SIDE 33
2.2.2 BOTTOM-UP APPROACH 34
2.2.2.1 Approach for capturing market share by bottom-up analysis
(demand side) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - DEMAND SIDE 34
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 35
FIGURE 7 DATA TRIANGULATION 35
 
2.4 RESEARCH ASSUMPTIONS 36
TABLE 1 ASSUMPTIONS FOR RESEARCH STUDY 36
2.5 LIMITATIONS 37
2.6 RISK FACTORS 37
3 EXECUTIVE SUMMARY 38
FIGURE 8 TELECOM POWER SYSTEM MARKET, 2018–2027 (USD BILLION) 39
3.1 TELECOM POWER SYSTEM MARKET SCENARIO 39
FIGURE 9 GROWTH PROJECTIONS FOR TELECOM POWER SYSTEM MARKET IN REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS 39
3.1.1 REALISTIC SCENARIO 40
3.1.2 PESSIMISTIC SCENARIO 40
3.1.3 OPTIMISTIC SCENARIO 40
FIGURE 10 BAD GRID SEGMENT TO HOLD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET, BY GRID TYPE, DURING FORECAST PERIOD 40
FIGURE 11 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET, BY COMPONENT, DURING FORECAST PERIOD 41
FIGURE 12 DIESEL-BATTERY SEGMENT HELD LARGEST SHARE, BY POWER SOURCE,
OF TELECOM POWER SYSTEM MARKET IN 2021 41
FIGURE 13 APAC TO EXHIBIT HIGHEST CAGR IN GLOBAL TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 42
4 PREMIUM INSIGHTS 43
4.1 ATTRACTIVE OPPORTUNITIES IN TELECOM POWER SYSTEM MARKET 43
FIGURE 14 INCREASING NUMBER OF TELECOM INFRASTRUCTURES IN REMOTE AREAS TO CREATE GROWTH OPPORTUNITIES FOR MARKET 43
4.2 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 44
FIGURE 15 DIESEL-SOLAR POWER SOURCE TO WITNESS HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 44
4.3 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 44
FIGURE 16 BAD-GRID SEGMENT HELD LARGEST SHARE OF TELECOM POWER SYSTEM MARKET IN 2021 44
4.4 TELECOM POWER SYSTEM MARKET, BY COMPONENT 45
FIGURE 17 INVERTER COMPONENT SEGMENT TO EXPERIENCE HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 45
4.5 COUNTRY-WISE TELECOM POWER SYSTEM MARKET GROWTH 46
FIGURE 18 TELECOM POWER SYSTEM MARKET IN INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 46
5 MARKET OVERVIEW 47
5.1 INTRODUCTION 47
5.2 MARKET DYNAMICS 47
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 47
5.2.1 DRIVERS 48
FIGURE 20 TELECOM POWER SYSTEM MARKET DRIVERS AND THEIR IMPACT 48
5.2.1.1 Increasing number of telecom infrastructures in remote areas 48
TABLE 2 4G TECHNOLOGY PENETRATION IN URBAN VS RURAL AREAS 49
5.2.1.2 Growing adoption of telecom services and high data traffic 49
FIGURE 21 MOBILE DATA TRAFFIC 2018–2022 49
TABLE 3 PENETRATION OF INDIVIDUALS USING INTERNET 50
5.2.1.3 Rising awareness about reducing carbon footprint from telecom power systems 50
5.2.2 RESTRAINTS 51
FIGURE 22 TELECOM POWER SYSTEM MARKET RESTRAINTS AND THEIR IMPACT 51
5.2.2.1 High deployment and operational costs 51
5.2.2.2 Environmental concerns due to usage of diesel 51
5.2.3 OPPORTUNITY 52
FIGURE 23 TELECOM POWER SYSTEM MARKET OPPORTUNITIES AND THEIR IMPACT 52
5.2.3.1 Growing adoption of hybrid power systems 52
5.2.3.2 Increasing technological advancements in cellular networks
(5G, LTE services, etc.) 53
TABLE 4 4G TECHNOLOGY PENETRATION 53
5.2.3.3 Surging requirements for advanced telecom infrastructure and
M2M connections 53
FIGURE 24 CELLULAR IOT CONNECTIONS, 2019 VS. 2025 54
5.2.3.4 Rising use of GaN-based power devices with evolution of 5G technology 54
5.2.4 CHALLENGES 55
FIGURE 25 TELECOM POWER SYSTEM MARKET CHALLENGES AND THEIR IMPACT 55
5.2.4.1 Lack of infrastructure development for energy management 55
5.2.4.2 Design challenges for telecom power systems 55
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 56
FIGURE 26 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES RELATED TO TELECOM POWER SYSTEM MARKET 56
5.4 ECOSYSTEM/MARKET MAP 57
TABLE 5 TELECOM POWER SYSTEM MARKET: ECOSYSTEM 57
FIGURE 27 KEY PLAYERS IN TELECOM POWER SYSTEM ECOSYSTEM 58
5.4.1 TELECOM POWER SYSTEM MANUFACTURERS 58
5.4.2 TELECOM NETWORK SOLUTION PROVIDERS 58
5.4.3 SYSTEM INTEGRATORS 58
5.4.4 NETWORK OPERATORS 59
5.5 TECHNOLOGY ANALYSIS 59
5.5.1 5G NETWORK 59
5.5.2 SMART MANUFACTURING 59
5.5.3 ASSET PERFORMANCE MANAGEMENT SYSTEMS 60
5.6 VALUE CHAIN ANALYSIS 60
FIGURE 28 VALUE CHAIN: TELECOM POWER SYSTEM MARKET 60
 
5.7 PATENT ANALYSIS 62
TABLE 6 NOTABLE PATENTS PERTAINING TO TELECOM POWER SYSTEM MARKET 62
TABLE 7 NUMBER OF PATENTS REGISTERED RELATED TO TELECOM POWER SYSTEM MARKET IN LAST 10 YEARS 66
FIGURE 29 TOP 10 COMPANIES WITH HIGHEST NO. OF PATENT APPLICATIONS IN LAST 10 YEARS 67
FIGURE 30 NO. OF PATENTS GRANTED PER YEAR, 2012–2021 67
5.8 REGULATORY LANDSCAPE 68
5.8.1 NORTH AMERICA 68
5.8.2 EUROPE 68
5.8.3 APAC 69
5.8.4 GLOBAL 69
5.9 TRADE DATA 69
5.9.1 IMPORT DATA 70
TABLE 8 IMPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.9.2 EXPORT DATA 70
TABLE 9 EXPORT DATA FOR HS CODE 8504, BY COUNTRY, 2016–2020 (USD BILLION) 70
5.10 CASE STUDY ANALYSIS 71
5.10.1 POWERING OF LARGE TELECOM AND SEASONAL AIR CONDITIONING 71
5.10.2 ADVANCED REMOTE TELECOM SITE AUTOMATION 71
5.10.3 OFF-GRID LTE WIRELESS NETWORKS 72
5.10.4 HYBRID OFF-GRID TELECOM SITES 72
5.10.5 HD-PLC FOR A FASTER, CHEAPER SMART METERING 73
5.11 KEY CONFERENCES & EVENTS DURING 2022–2023 73
TABLE 10 TELECOM POWER SYSTEM MARKET: DETAILED LIST OF CONFERENCES & EVENTS 73
5.12 PORTER’S FIVE FORCE ANALYSIS 77
TABLE 11 IMPACT OF PORTER’S FIVE FORCES ON TELECOM POWER SYSTEM MARKET 77
FIGURE 31 TELECOM POWER SYSTEM MARKET: PORTER’S FIVE FORCES ANALYSIS 77
5.12.1 INTENSITY OF COMPETITIVE RIVALRY 78
5.12.2 THREAT OF SUBSTITUTES 78
5.12.3 BARGAINING POWER OF BUYERS 78
5.12.4 BARGAINING POWER OF SUPPLIERS 78
5.12.5 THREAT OF NEW ENTRANTS 78
5.13 KEY STAKEHOLDERS & BUYING CRITERIA 79
5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS 79
FIGURE 32 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES 79
TABLE 12 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR TOP 3 POWER SOURCES (%) 79
5.13.2 BUYING CRITERIA 80
FIGURE 33 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
TABLE 13 KEY BUYING CRITERIA FOR TOP 3 POWER SOURCES 80
5.14 AVERAGE SELLING PRICE (ASP) ANALYSIS 81
FIGURE 34 GLOBAL ASP OF TELECOM POEWR SYSTEMS, 2021 81
6 TELECOM POWER SYSTEM MARKET, BY COMPONENT 82
6.1 INTRODUCTION 83
FIGURE 35 INVERTERS TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 83
TABLE 14 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2018–2021 (USD MILLION) 83
TABLE 15 TELECOM POWER SYSTEM MARKET, BY COMPONENT,
2022–2027 (USD MILLION) 84
6.2 RECTIFIERS 84
6.2.1 RECTIFIERS CONVERT ALTERNATING CURRENT TO DIRECT CURRENT AND PROVIDE POWER TO CHARGE BATTERIES 84
6.3 INVERTERS 85
6.3.1 INVERTERS TO REGISTER HIGHEST CAGR IN TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 85
6.4 CONVERTERS 85
6.4.1 MAJOR FUNCTION OF CONVERTERS IS TO CONVERT UNREGULATED VOLTAGE INTO REGULATED VOLTAGE 85
6.5 CONTROLLERS 86
6.5.1 CONTROLLERS PROVIDE INTELLIGENT CONTROL AND MONITOR OPERATIONAL PARAMETERS OF TEMECOM POEWR SYSTEMS 86
6.6 HEAT MANAGEMENT SYSTEMS 86
6.6.1 HEAT MANAGEMENT SYSTEMS OFFER INCLUDE HEAT EXCHANGE, DIRECT VENTILATION, THERMOELECTRIC COOLING, AND DC-POWERED AIR CONDITIONING 86
6.7 GENERATORS 87
6.7.1 GENERATORS PROVIDE RELIABILITY AND LONG HOURS OF USE IN REMOTE LOCATIONS WITHOUT COMPROMISING PERFORMANCE 87
6.8 OTHERS 87
6.8.1 POWER DISTRIBUTION UNITS 87
6.8.2 BATTERIES 88
6.8.3 SOLAR OR PV CELLS 88
6.8.4 WIND TURBINES 88
6.8.5 SURGE PROTECTION DEVICES 89
6.8.6 CIRCUIT BREAKERS 89
7 TELECOM POWER SYSTEM MARKET, BY GRID TYPE 91
7.1 INTRODUCTION 92
FIGURE 36 TELECOM POWER SYSTEM FOR OFF-GRID TYPE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 92
TABLE 16 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2018–2021 (USD MILLION) 92
TABLE 17 TELECOM POWER SYSTEM MARKET, BY GRID TYPE,
2022–2027 (USD MILLION) 92
 
7.2 ON-GRID 93
7.2.1 ON-GRID-CONNECTED TELECOM POWER SYSTEMS HAVE LOWER ENVIRONMENTAL IMPACT 93
TABLE 18 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2018–2021 (USD MILLION) 93
TABLE 19 TELECOM POWER SYSTEM MARKET FOR ON-GRID, BY REGION,
2022–2027 (USD MILLION) 93
7.3 OFF-GRID 94
7.3.1 OFF-GRID-CONNECTED TELECOM POWER SYSTEMS ARE EXPECTED TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD 94
TABLE 20 TELECOM POWER SYSTEM MARKET FOR OFF-GRID, BY REGION,
2018–2021 (USD MILLION) 94
TABLE 21 TELECOM POWER SYSTEM MARKET FOR OFF-GRID BY REGION,
2022–2027 (USD MILLION) 95
7.4 BAD GRID 95
7.4.1 BAD GRID-CONNECTED TELECOM POWER SYSTEMS ARE MAINLY USED IN DEVELOPING ECONOMIES SUCH AS INDIA, BRAZIL, AND AFRICAN COUNTRIES 95
TABLE 22 TELECOM POWER SYSTEM MARKET FOR BAD GRID, BY REGION,
2018–2021 (USD MILLION) 96
TABLE 23 TELECOM POWER SYSTEM MARKET FOR BAD GRID BY REGION,
2022–2027 (USD MILLION) 96
8 TELECOM POWER SYSTEM MARKET, BY POWER RATING 97
8.1 INTRODUCTION 98
FIGURE 37 TELECOM POWER SYSTEMS WITH BELOW 10 KW POWER RATING TO DOMINATE MARKET DURING FORECAST PERIOD 98
TABLE 24 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (USD MILLION) 98
TABLE 25 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (USD MILLION) 99
TABLE 26 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2018–2021 (THOUSAND UNITS) 99
TABLE 27 TELECOM POWER SYSTEM MARKET, BY POWER RATING,
2022–2027 (THOUSAND UNITS) 99
8.2 BELOW 10 KW 100
8.2.1 TELECOM POWER SYSTEMS BELOW 10 KW ARE MAINLY USED IN CELL TOWERS, BTS, AND BASE STATIONS FOR TELECOM TOWERS 100
8.3 10–20 KW 100
8.3.1 POWER SYSTEMS OF 10–20 KW RATING ARE PRIMARILY USED IN
5G TOWERS AND RECTIFIER MODULES 100
8.4 ABOVE 20 KW 100
8.4.1 POWER SYSTEMS ABOVE 20 KW ARE MAINLY USED IN ACCESS NETWORKS, DATA CENTERS, AND INDOOR POWER SYSTEMS 100
 
9 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE 101
9.1 INTRODUCTION 102
FIGURE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL-SOLAR POWER SOURCE TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 102
TABLE 28 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2018–2021 (USD MILLION) 102
TABLE 29 TELECOM POWER SYSTEM MARKET, BY POWER SOURCE,
2022–2027 (USD MILLION) 103
9.2 DIESEL–BATTERY POWER SOURCE 103
9.2.1 DIESEL–BATTERY POWER SOURCE IS MOST COMMON POWER SOURCE USED FOR TELECOM POWER SYSTEMS 103
TABLE 30 ADVANTAGES OF DIESEL–BATTERY POWER SOURCE 103
TABLE 31 DISADVANTAGES OF DIESEL–BATTERY POWER SOURCE 104
TABLE 32 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE, BY REGION, 2018–2021 (USD MILLION) 104
TABLE 33 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE BY REGION, 2022–2027 (USD MILLION) 105
TABLE 34 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 105
TABLE 35 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 105
TABLE 36 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 37 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 106
TABLE 38 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 106
TABLE 39 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 107
TABLE 40 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 107
TABLE 41 TELECOM POWER SYSTEM MARKET FOR DIESEL–BATTERY POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 107
9.3 DIESEL–SOLAR POWER SOURCE 108
9.3.1 DIESEL–SOLAR POWER SOURCE IS DESIGNED TO USE IN MORE REMOTE CELLULAR BASE STATIONS 108
TABLE 42 ADVANTAGES OF DIESEL–SOLAR POWER SOURCE 108
TABLE 43 DISADVANTAGES OF DIESEL–SOLAR POWER SOURCE 109
TABLE 44 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 109
TABLE 45 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 110
TABLE 46 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 110
TABLE 47 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 110
TABLE 48 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 49 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 111
TABLE 50 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 111
TABLE 51 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 112
TABLE 52 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 112
TABLE 53 TELECOM POWER SYSTEM MARKET FOR DIESEL–SOLAR POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 112
9.4 DIESEL–WIND POWER SOURCE 113
9.4.1 DIESEL–WIND POWER SYSTEMS ARE WELL SUITED IN BAD-GRID AND OFF-GRID AREAS 113
TABLE 54 ADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 55 DISADVANTAGES OF DIESEL–WIND POWER SOURCE 113
TABLE 56 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2018–2021 (USD MILLION) 114
TABLE 57 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE,
BY REGION, 2022–2027 (USD MILLION) 114
TABLE 58 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 114
TABLE 59 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 60 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 115
TABLE 61 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 115
TABLE 62 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 116
TABLE 63 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 116
TABLE 64 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2018–2021 (USD MILLION) 116
TABLE 65 TELECOM POWER SYSTEM MARKET FOR DIESEL–WIND POWER SOURCE IN ROW, BY REGION, 2022–2027 (USD MILLION) 117
9.5 MULTIPLE POWER SOURCES (DIESEL/SOLAR/WIND/BATTERY/BIOMASS) 117
9.5.1 MULTIPLE POWER SOURCES ENABLE COST-EFFECTIVE WAY OF GENERATING ELECTRICITY 117
TABLE 66 ADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 67 DISADVANTAGES OF DIESEL–BIOMASS POWER SOURCE 118
TABLE 68 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2018–2021 (USD MILLION) 118
TABLE 69 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES,
BY REGION, 2022–2027 (USD MILLION) 119
TABLE 70 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 71 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 72 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 73 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 120
TABLE 74 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 120
TABLE 75 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 121
TABLE 76 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2018–2021 (USD MILLION) 121
TABLE 77 TELECOM POWER SYSTEM MARKET FOR MULTIPLE POWER SOURCES IN ROW, BY REGION, 2022–2027 (USD MILLION) 121
10 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY 122
10.1 INTRODUCTION 123
FIGURE 39 DC POWER SYSTEMS TO HOLD LARGER SHARE OF TELECOM POWER SYSTEM MARKET DURING FORECAST PERIOD 123
TABLE 78 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2018–2021 (USD MILLION) 123
TABLE 79 TELECOM POWER SYSTEM MARKET, BY TECHNOLOGY,
2022–2027 (USD MILLION) 123
10.2 AC POWER SYSTEMS 124
10.2.1 AC POWER SYSTEMS ARE MAINLY USED FOR TESTING RF AMPLIFIERS, SATELLITES, AND DATA CENTERS 124
10.3 DC POWER SYSTEMS 124
10.3.1 DC POWER SYSTEMS ARE MAINLY USED IN TELECOM POWER SYSTEMS 124
11 GEOGRAPHIC ANALYSIS 125
11.1 INTRODUCTION 126
FIGURE 40 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 126
TABLE 80 TELECOM POWER SYSTEM MARKET, BY REGION, 2018–2021 (USD MILLION) 126
TABLE 81 TELECOM POWER SYSTEM MARKET, BY REGION, 2022–2027 (USD MILLION) 127
11.2 NORTH AMERICA 127
FIGURE 41 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN NORTH AMERICA 128
TABLE 82 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2021 (USD MILLION) 128
TABLE 83 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2022–2027 (USD MILLION) 129
TABLE 84 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 129
TABLE 85 TELECOM POWER SYSTEM MARKET IN NORTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 129
 
11.2.1 US 129
11.2.1.1 US held largest size of North American market in 2021 129
TABLE 86 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2018–2021 (USD MILLION) 130
TABLE 87 TELECOM POWER SYSTEM MARKET IN US, BY POWER SOURCE,
2022–2027 (USD MILLION) 130
11.2.2 CANADA 131
11.2.2.1 Demand for telecom power systems in Canada is primarily driven by development of telecom infrastructure in rural areas 131
TABLE 88 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2018–2021 (USD MILLION) 131
TABLE 89 TELECOM POWER SYSTEM MARKET IN CANADA, BY POWER SOURCE,
2022–2027 (USD MILLION) 131
11.2.3 MEXICO 132
11.2.3.1 Mexico is estimated to be fastest-growing market in North America during forecast period 132
TABLE 90 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2018–2021 (USD MILLION) 132
TABLE 91 TELECOM POWER SYSTEM MARKET IN MEXICO, BY POWER SOURCE,
2022–2027 (USD MILLION) 132
11.3 EUROPE 133
FIGURE 42 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN EUROPE 134
TABLE 92 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2018–2021 (USD MILLION) 134
TABLE 93 TELECOM POWER SYSTEM MARKET IN EUROPE, BY COUNTRY,
2022–2027 (USD MILLION) 135
TABLE 94 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2018–2021 (USD MILLION) 135
TABLE 95 TELECOM POWER SYSTEM MARKET IN EUROPE, BY POWER SOURCE,
2022–2027 (USD MILLION) 135
11.3.1 UK 136
11.3.1.1 UK is expected to be fastest-growing market in Europe during forecast period 136
TABLE 96 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2018–2021 (USD MILLION) 136
TABLE 97 TELECOM POWER SYSTEM MARKET IN UK, BY POWER SOURCE,
2022–2027 (USD MILLION) 136
11.3.2 GERMANY 137
11.3.2.1 Germany held largest share of telecom power system market in Europe in 2021 137
TABLE 98 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2018–2021 (USD MILLION) 137
TABLE 99 TELECOM POWER SYSTEM MARKET IN GERMANY, BY POWER SOURCE, 2022–2027 (USD MILLION) 137
 
11.3.3 FRANCE 138
11.3.3.1 Expected introduction of upcoming 5G technology provides significant investment opportunities for leading telecom power system providers in France 138
TABLE 100 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2018–2021 (USD MILLION) 138
TABLE 101 TELECOM POWER SYSTEM MARKET IN FRANCE, BY POWER SOURCE,
2022–2027 (USD MILLION) 138
11.3.4 SPAIN 139
11.3.4.1 Spain has developed telecommunication services with various new technologies and innovation trends 139
TABLE 102 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2018–2021 (USD MILLION) 139
TABLE 103 TELECOM POWER SYSTEM MARKET IN SPAIN, BY POWER SOURCE,
2022–2027 (USD MILLION) 139
11.3.5 REST OF EUROPE 140
TABLE 104 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2018–2021 (USD MILLION) 140
TABLE 105 TELECOM POWER SYSTEM MARKET IN REST OF EUROPE, BY POWER SOURCE, 2022–2027 (USD MILLION) 140
11.4 APAC 140
FIGURE 43 SNAPSHOT: TELECOM POWER SYSTEM MARKET IN APAC 141
TABLE 106 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2018–2021 (USD MILLION) 142
TABLE 107 TELECOM POWER SYSTEM MARKET IN APAC, BY COUNTRY,
2022–2027 (USD MILLION) 142
TABLE 108 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2018–2021 (USD MILLION) 142
TABLE 109 TELECOM POWER SYSTEM MARKET IN APAC, BY POWER SOURCE,
2022–2027 (USD MILLION) 143
11.4.1 CHINA 143
11.4.1.1 China held largest share of telecom power system market in APAC
in 2021 143
TABLE 110 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2018–2021 (USD MILLION) 144
TABLE 111 TELECOM POWER SYSTEM MARKET IN CHINA, BY POWER SOURCE,
2022–2027 (USD MILLION) 144
11.4.2 JAPAN 144
11.4.2.1 Development and deployment of advanced telecom network infrastructures present opportunities for telecom power system providers in Japan 144
TABLE 112 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2018–2021 (USD MILLION) 145
TABLE 113 TELECOM POWER SYSTEM MARKET IN JAPAN, BY POWER SOURCE,
2022–2027 (USD MILLION) 145
 
11.4.3 SOUTH KOREA 145
11.4.3.1 South Korea is among leaders in terms of development of telecom networks 145
TABLE 114 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2018–2021 (USD MILLION) 146
TABLE 115 TELECOM POWER SYSTEM MARKET IN SOUTH KOREA, BY POWER SOURCE, 2022–2027 (USD MILLION) 146
11.4.4 INDIA 146
11.4.4.1 India is expected to be fastest-growing market during forecast period 146
TABLE 116 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2018–2021 (USD MILLION) 147
TABLE 117 TELECOM POWER SYSTEM MARKET IN INDIA, BY POWER SOURCE,
2022–2027 (USD MILLION) 147
11.4.5 AUSTRALIA & NEW ZEALAND 148
11.4.5.1 Technological advancements and telecom infrastructure developments propel growth of telecom power system market 148
TABLE 118 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2018–2021 (USD MILLION) 148
TABLE 119 TELECOM POWER SYSTEM MARKET IN AUSTRALIA & NEW ZEALAND,
BY POWER SOURCE, 2022–2027 (USD MILLION) 148
11.4.6 REST OF APAC 149
TABLE 120 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2018–2021 (USD MILLION) 149
TABLE 121 TELECOM POWER SYSTEM MARKET IN REST OF APAC, BY POWER SOURCE, 2022–2027 (USD MILLION) 149
11.5 ROW 150
TABLE 122 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2018–2021 (USD MILLION) 150
TABLE 123 TELECOM POWER SYSTEM MARKET IN ROW, BY REGION,
2022–2027 (USD MILLION) 150
TABLE 124 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2018–2021 (USD MILLION) 150
TABLE 125 TELECOM POWER SYSTEM MARKET IN ROW, BY POWER SOURCE,
2022–2027 (USD MILLION) 151
11.5.1 MIDDLE EAST AND AFRICA 151
11.5.1.1 Middle East and Africa are expected to witness higher growth of market in RoW during forecast period 151
TABLE 126 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2018–2021 (USD MILLION) 152
TABLE 127 TELECOM POWER SYSTEM MARKET IN MIDDLE EAST AND AFRICA,
BY POWER SOURCE, 2022–2027 (USD MILLION) 152
11.5.2 SOUTH AMERICA 152
11.5.2.1 Deployment of telecom infrastructures in rural areas propels growth of market in South America 152
TABLE 128 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2018–2021 (USD MILLION) 153
TABLE 129 TELECOM POWER SYSTEM MARKET IN SOUTH AMERICA, BY POWER SOURCE, 2022–2027 (USD MILLION) 153
12 COMPETITIVE LANDSCAPE 154
12.1 OVERVIEW 154
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 154
TABLE 130 OVERVIEW OF STRATEGIES DEPLOYED BY KEY MARKET PLAYERS 154
12.2.1 PRODUCT PORTFOLIO 156
12.2.2 REGIONAL FOCUS 156
12.2.3 MANUFACTURING FOOTPRINT 156
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 156
12.3 MARKET SHARE ANALYSIS: TELECOM POWER SYSTEM MARKET, 2021 157
TABLE 131 TELECOM POWER SYSTEM MARKET: DEGREE OF COMPETITION, 2021 157
12.4 5-YEAR COMPANY REVENUE ANALYSIS 158
FIGURE 44 5-YEAR REVENUE ANALYSIS OF TOP FIVE PLAYERS IN TELECOM POWER SYSTEM MARKET 158
12.5 COMPANY EVALUATION QUADRANT 158
12.5.1 STAR 158
12.5.2 EMERGING LEADER 158
12.5.3 PERVASIVE 159
12.5.4 PARTICIPANT 159
FIGURE 45 TELECOM POWER SYSTEM COMPANY EVALUATION QUADRANT, 2021 159
12.5.5 COMPANY FOOTPRINT 160
TABLE 132 OVERALL COMPANY FOOTPRINT 160
TABLE 133 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS POWER SOURCES 161
TABLE 134 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS COMPONENTS 162
TABLE 135 FOOTPRINT OF DIFFERENT COMPANIES FOR VARIOUS REGIONS 163
12.6 START-UP/SME EVALUATION MATRIX 164
TABLE 136 LIST OF START-UPS IN TELECOM POWER SYSTEM MARKET 164
12.6.1 PROGRESSIVE COMPANIES 165
12.6.2 RESPONSIVE COMPANIES 165
12.6.3 DYNAMIC COMPANIES 165
12.6.4 STARTING BLOCKS 165
FIGURE 46 TELECOM POWER SYSTEM MARKET, STARTUP/SME EVALUATION MATRIX, 2021 166
12.7 COMPETITIVE SITUATIONS AND TRENDS 167
12.7.1 PRODUCT LAUNCHES 167
TABLE 137 PRODUCT LAUNCHES, 2020–2022 167
12.7.2 DEALS 173
TABLE 138 DEALS, 2020–2022 173
 
13 COMPANY PROFILES 175
13.1 INTRODUCTION 175
(Business overview, Products/solutions/services offered, Recent developments & MnM View)*
13.2 KEY PLAYERS 175
13.2.1 EATON 175
TABLE 139 EATON: COMPANY SNAPSHOT 176
FIGURE 47 EATON: COMPANY SNAPSHOT 176
13.2.2 HUAWEI TECHNOLOGIES 182
TABLE 140 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 182
FIGURE 48 HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT 183
13.2.3 CUMMINS 188
TABLE 141 CUMMINS: COMPANY SNAPSHOT 188
FIGURE 49 CUMMINS: COMPANY SNAPSHOT 189
13.2.4 ZTE CORPORATION 192
TABLE 142 ZTE CORPORATION: COMPANY SNAPSHOT 192
FIGURE 50 ZTE CORPORATION: COMPANY SNAPSHOT 193
13.2.5 GENERAL ELECTRIC 197
TABLE 143 GENERAL ELECTRIC: COMPANY SNAPSHOT 197
FIGURE 51 GENERAL ELECTRIC: COMPANY SNAPSHOT 198
13.2.6 SCHNEIDER ELECTRIC 201
TABLE 144 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 201
FIGURE 52 SCHNEIDER ELECTRIC: COMPANY SNAPSHOT 202
13.2.7 ALPHA TECHNOLOGIES 205
TABLE 145 ALPHA TECHNOLOGIES: COMPANY SNAPSHOT 205
13.2.8 DELTA ELECTRONICS 207
TABLE 146 DELTA ELECTRONICS: COMPANY SNAPSHOT 207
FIGURE 53 DELTA ELECTRONICS: COMPANY SNAPSHOT 208
13.2.9 ABB 210
TABLE 147 ABB: COMPANY SNAPSHOT 210
FIGURE 54 ABB: COMPANY SNAPSHOT 211
*Details on Business overview, Products/solutions/services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
13.3 OTHER PLAYERS 214
13.3.1 ASCOT INDUSTRIAL 214
TABLE 148 ASCOT INDUSTRIAL: COMPANY SNAPSHOT 214
13.3.2 UNIPOWER 215
TABLE 149 UNIPOWER: COMPANY SNAPSHOT 215
13.3.3 DYNAMIC POWER GROUP 216
TABLE 150 DYNAMIC POWER GROUP: COMPANY SNAPSHOT 216
13.3.4 EFORE 217
TABLE 151 EFORE: COMPANY SNAPSHOT 217
13.3.5 HANGZHOU ZHONGHENG POWER ENERGY 217
TABLE 152 HANGZHOU ZHONHENG POWER ENERGY: COMPANY SNAPSHOT 217
13.3.6 MYERS POWER PRODUCTS 218
TABLE 153 MYERS POWER PRODUCTS: COMPANY SNAPSHOT 218
13.3.7 STATICON 219
TABLE 154 STATICON: COMPANY SNAPSHOT 219
13.3.8 VERTIV GROUP 220
TABLE 155 VERTIV GROUP: COMPANY SNAPSHOT 220
13.3.9 VOLTSERVER 221
TABLE 156 VOLTSERVER: COMPANY SNAPSHOT 221
13.3.10 JMA WIRELESS 221
TABLE 157 JMA WIRELESS: COMPANY SNAPSHOT 221
13.3.11 CORNING INCORPORATED 222
TABLE 158 CORNING INCORPORATED: COMPANY SNAPSHOT 222
14 APPENDIX 223
14.1 DISCUSSION GUIDE 223
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 226
14.3 AVAILABLE CUSTOMIZATION 228
14.4 RELATED REPORTS 228
14.5 AUTHOR DETAILS 229

Smart Lock Market with COVID-19 Impact by Lock Type (Deadbolt Locks, Lever Handles), Communication Protocol (Bluetooth, WiFi), Unlocking Mechanism (Ke...

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# of Pages:        184

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Publication Date:  March, 2022

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1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION AND SCOPE 25
1.2.1 INCLUSIONS AND EXCLUSIONS 26
1.3 STUDY SCOPE 26
1.3.1 MARKETS COVERED 26
1.3.2 GEOGRAPHIC SCOPE 27
1.3.3 YEARS CONSIDERED 27
1.4 CURRENCY 27
1.5 MARKET STAKEHOLDERS 28
1.6 SUMMARY OF CHANGES 28
2 RESEARCH METHODOLOGY 29
2.1 RESEARCH DATA 29
FIGURE 1 SMART LOCK MARKET: RESEARCH DESIGN 29
2.1.1 SECONDARY DATA 30
2.1.1.1 List of major secondary sources 30
2.1.1.2 Secondary sources 30
2.1.2 PRIMARY DATA 31
2.1.2.1 Primary Expert Interviews 31
2.1.2.2 Key data from primary sources 32
2.1.2.3 Key industry insights 32
2.1.2.4 Breakdown of primaries 33
2.1.3 SECONDARY AND PRIMARY RESEARCH 34
2.2 MARKET SIZE ESTIMATION 35
FIGURE 2 PROCESS FLOW 35
2.2.1 BOTTOM-UP APPROACH 35
2.2.1.1 Approach for calculating market share through bottom-up analysis (demand side) 35
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 36
2.2.2 TOP-DOWN APPROACH 36
2.2.2.1 Approach for calculating market share through top-down analysis (supply side) 37
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 37
2.3 MARKET RANKING ESTIMATION 37
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 5 MARKET BREAKDOWN AND DATA TRIANGULATION 38
2.5 RESEARCH ASSUMPTIONS 39
3 EXECUTIVE SUMMARY 40
FIGURE 6 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 41
FIGURE 7 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 41
FIGURE 8 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 42
FIGURE 9 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 42
FIGURE 10 SMART LOCK MARKET IN APAC TO REGISTER HIGHEST CAGR BETWEEN
2022 AND 2027 43
4 PREMIUM INSIGHTS 44
4.1 ATTRACTIVE OPPORTUNITIES IN SMART LOCK MARKET 44
FIGURE 11 RISING DEMAND FOR INTERNET-BASED SECURITY SOLUTIONS TO DRIVE GROWTH OF SMART LOCK MARKET 44
4.2 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY AND VERTICAL 44
FIGURE 12 US AND RESIDENTIAL VERTICAL TO DOMINATE NORTH AMERICAN SMART LOCK MARKET DURING FORECAST PERIOD 44
4.3 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE 45
FIGURE 13 SMART LOCK MARKET FOR DEADBOLT LOCKS TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 45
4.4 SMART LOCK MARKET, BY COUNTRY 45
FIGURE 14 CHINA TO ACCOUNT FOR HIGHEST GROWTH RATE IN GLOBAL SMART LOCK MARKET IN 2022 45
5 MARKET OVERVIEW 46
5.1 INTRODUCTION 46
5.2 MARKET DYNAMICS 46
FIGURE 15 SMART LOCK MARKET DYNAMICS 46
FIGURE 16 DRIVERS AND THEIR IMPACT ON SMART LOCK MARKET 47
FIGURE 17 OPPORTUNITIES AND THEIR IMPACT ON SMART LOCK MARKET 48
FIGURE 18 RESTRAINTS & CHALLENGES AND THEIR IMPACT ON SMART LOCK MARKET 49
5.2.1 DRIVERS 49
5.2.1.1 Growing security concerns 49
5.2.1.2 Enhanced features compared with traditional lock systems 50
5.2.1.3 Rising adoption of smartphones and other connected devices 50
5.2.2 RESTRAINTS 50
5.2.2.1 High cost and perception of unreliability 50
5.2.2.2 Lack of awareness among customers 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Increasing adoption of IoT-based security systems 51
5.2.3.2 Rapid urbanization in emerging nations 51
5.2.3.3 Global proliferation of smart cities 52
5.2.4 CHALLENGES 52
5.2.4.1 Risk of cyberattacks through smart devices and IoT-enabled devices 52
5.3 VALUE CHAIN ANALYSIS 52
FIGURE 19 VALUE CHAIN ANALYSIS: MAJOR VALUE ADDED BY RAW MATERIAL SUPPLIERS AND ORIGINAL EQUIPMENT MANUFACTURERS 53
5.4 SMART LOCK MARKET ECOSYSTEM 54
FIGURE 20 SMART LOCK MARKET ECOSYSTEM 54
6 SMART LOCK MARKET, BY LOCK TYPE 55
6.1 INTRODUCTION 56
FIGURE 21 DEADBOLT LOCKS SEGMENT TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 56
TABLE 1 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (USD MILLION) 56
TABLE 2 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (USD MILLION) 57
TABLE 3 SMART LOCK MARKET, BY LOCK TYPE, 2018–2021 (MILLION UNITS) 57
TABLE 4 SMART LOCK MARKET, BY LOCK TYPE, 2022–2027 (MILLION UNITS) 58
6.2 DEADBOLT LOCKS 58
6.2.1 INCREASING DEPLOYMENT OF DEADBOLT LOCKS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 58
FIGURE 22 RESIDENTIAL VERTICAL TO HOLD LARGEST SHARE OF SMART LOCK MARKET FOR DEADBOLTS DURING FORECAST PERIOD 59
TABLE 5 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 59
TABLE 6 SMART LOCK MARKET FOR DEADBOLT LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 59
6.3 LEVER HANDLES 60
6.3.1 CONVENIENT STRUCTURE AND THEIR COMPLIANCE WITH US DISABILITIES ACT 1990 TO FUEL DEMAND FOR LEVER HANDLES 60
TABLE 7 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2018–2021 (USD MILLION) 60
TABLE 8 SMART LOCK MARKET FOR LEVER HANDLES, BY VERTICAL,
2022–2027 (USD MILLION) 60
6.4 SERVER LOCKS AND LATCHES 61
6.4.1 RISING CONCERNS REGARDING CYBERATTACKS TO FUEL DEMAND FOR SERVER LOCKS AND LATCHES 61
TABLE 9 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2018–2021 (USD MILLION) 61
TABLE 10 SMART LOCK MARKET FOR SERVER LOCKS AND LATCHES, BY VERTICAL, 2022–2027 (USD MILLION) 61
6.5 KNOB LOCKS 62
6.5.1 GROWING USE OF KNOB LOCKS WITH DEADBOLTS ON EXTERIOR DOORS IN RESIDENTIAL SECTOR TO DRIVE MARKET GROWTH 62
TABLE 11 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2018–2021 (USD MILLION) 62
TABLE 12 SMART LOCK MARKET FOR KNOB LOCKS, BY VERTICAL,
2022–2027 (USD MILLION) 62
6.6 OTHERS 63
TABLE 13 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2018–2021 (USD MILLION) 63
TABLE 14 SMART LOCK MARKET FOR OTHERS, BY VERTICAL,
2022–2027 (USD MILLION) 63
7 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL 64
7.1 INTRODUCTION 65
FIGURE 23 WI-FI COMMUNICATION PROTOCOL SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 65
TABLE 15 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2018–2021 (USD MILLION) 65
TABLE 16 SMART LOCK MARKET, BY COMMUNICATION PROTOCOL,
2022–2027 (USD MILLION) 66
7.2 WI-FI 66
7.2.1 CONNECTIVITY BENEFITS OFFERED BY WI-FI TO DRIVE MARKET GROWTH 66
7.3 BLUETOOTH 67
7.3.1 WIDE RANGE, LOW POWER CONSUMPTION, AND HIGH RELIABILITY AND BANDWIDTH FEATURES TO FUEL MARKET GROWTH 67
7.4 Z-WAVE 67
7.4.1 GROWING POPULARITY OF RELIABILITY AND HIGH-SPEED FEATURES OF Z-WAVE TO DRIVE MARKET GROWTH 67
7.5 OTHERS 67
7.5.1 ZIGBEE 67
7.5.2 THREAD 67
7.5.3 NFC 67
8 SMART LOCK MARKET, BY UNLOCKING MECHANISM 68
8.1 INTRODUCTION 69
FIGURE 24 KEYPAD UNLOCKING MECHANISM SEGMENT TO HOLD LARGEST SHARE OF SMART LOCK MARKET IN 2027 69
TABLE 17 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2018–2021 (USD MILLION) 69
TABLE 18 SMART LOCK MARKET, BY UNLOCKING MECHANISM,
2022–2027 (USD MILLION) 70
8.2 KEYPAD 70
8.2.1 INTEGRATION OF KEYPADS WITH ACCESS CONTROL SYSTEMS TO DRIVE MARKET GROWTH 70
8.3 CARD KEY 71
8.3.1 GROWING USE OF RADIO FREQUENCY IDENTIFICATION (RFID) MAGNETIC DOOR LOCKS IN COMMERCIAL OFFICE BUILDINGS TO DRIVE MARKET GROWTH 71
8.3.1.1 Low frequency 71
8.3.1.2 High frequency 71
8.3.1.3 Ultra-high frequency 71
 
8.4 TOUCH BASED 72
8.4.1 GROWING ADOPTION OF AUTOMATED FINGERPRINT IDENTIFICATION SYSTEMS (AFISS) TO FUEL DEMAND FOR FINGERPRINT RECOGNITION SOLUTIONS USED IN SMART LOCK MECHANISM 72
8.5 KEY FOBS 73
8.5.1 RISE IN REPLACEMENT OF OLD METAL KEY SYSTEMS WITH ELECTRONIC FOB SYSTEMS TO DRIVE MARKET GROWTH 73
8.6 SMARTPHONE BASED 73
8.6.1 GROWING ADOPTION OF SMART HOMES TO INCREASE DEMAND FOR SMARTPHONE-BASED DOOR LOCKING SYSTEMS 73
9 SMART LOCK MARKET, BY VERTICAL 74
9.1 INTRODUCTION 75
FIGURE 25 RESIDENTIAL VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD 75
TABLE 19 SMART LOCK MARKET, BY VERTICAL, 2018–2021 (USD MILLION) 75
TABLE 20 SMART LOCK MARKET, BY VERTICAL, 2022–2027 (USD MILLION) 76
9.2 COMMERCIAL 76
9.2.1 HOSPITALITY 76
9.2.1.1 Increasing adoption of smart locks in hotels, vacation rental properties, resorts, casinos, and cruise ships to boost market growth 76
9.2.2 RETAIL STORES AND MALLS 77
9.2.2.1 Retail stores and malls segment to witness healthy growth in smart lock market 77
9.2.3 HEALTHCARE 77
9.2.3.1 Growing use of smart locks in healthcare sector to ensure access only to authorized users to boost market growth 77
9.2.4 BANKS AND FINANCIAL CENTRES 77
9.2.4.1 Increasing trend of biometric and multifactor authentication in banking and financial institutions to drive market growth 77
9.2.5 ENTERPRISES AND DATA CENTRES 78
9.2.5.1 Rising demand for security smart cards and biometric access systems to prevent minor security risks in enterprises to drive market growth 78
TABLE 21 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2018–2021 (USD MILLION) 78
TABLE 22 SMART LOCK MARKET, BY COMMERCIAL VERTICAL,
2022–2027 (USD MILLION) 78
TABLE 23 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 79
TABLE 24 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 79
TABLE 25 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 79
TABLE 26 NORTH AMERICA: SMART LOCK MARKET FOR COMMERCIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 27 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 80
TABLE 28 EUROPE: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 80
TABLE 29 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 81
TABLE 30 APAC: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 81
TABLE 31 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2018–2021 (USD MILLION) 81
TABLE 32 ROW: SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2022–2027 (USD MILLION) 82
TABLE 33 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 82
TABLE 34 SMART LOCK MARKET FOR COMMERCIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 82
9.3 RESIDENTIAL 83
9.3.1 CONDOMINIUM 83
9.3.1.1 Growing use of smart locks in condominiums or multi-family apartments to prevent invasion, unauthorized access, theft, and burglary to drive market growth 83
9.3.2 INDIVIDUAL HOUSES 83
9.3.2.1 Rising adoption of smart locks by individual house owners to ensure security and safety to drive market growth 83
FIGURE 26 CONDOMINIUM SEGMENT TO HOLD LARGER SHARE OF SMART LOCK MARKET FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 83
TABLE 35 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2018–2021 (USD MILLION) 84
TABLE 36 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
2022–2027 (USD MILLION) 84
FIGURE 27 APAC TO REGISTER HIGHEST CAGR IN SMART LOCK FOR RESIDENTIAL VERTICAL DURING FORECAST PERIOD 84
TABLE 37 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 85
TABLE 38 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 85
TABLE 39 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 85
TABLE 40 NORTH AMERICA: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 41 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 86
TABLE 42 EUROPE: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 86
TABLE 43 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 87
TABLE 44 APAC: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 87
TABLE 45 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 87
TABLE 46 ROW: SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 88
TABLE 47 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 88
TABLE 48 SMART LOCK MARKET FOR RESIDENTIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 88
9.4 INSTITUTIONAL & GOVERNMENT 89
9.4.1 INCREASING DEMAND FOR SMART LOCKS IN GOVERNMENT VERTICAL TO RESTRICT UNAUTHORIZED ENTRIES TO DRIVE MARKET GROWTH 89
TABLE 49 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 89
TABLE 50 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 89
TABLE 51 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 52 NORTH AMERICA: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 90
TABLE 53 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 90
TABLE 54 EUROPE: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 55 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 91
TABLE 56 APAC: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 91
TABLE 57 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2018–2021 (USD MILLION) 92
TABLE 58 ROW: SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL, BY REGION, 2022–2027 (USD MILLION) 92
TABLE 59 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 92
TABLE 60 SMART LOCK MARKET FOR INSTITUTIONAL & GOVERNMENT VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 93
9.5 TRANSPORTATION & LOGISTICS 93
9.5.1 RISING ADOPTION OF BIOMETRICS-BASED ACCESS CONTROL USING SMART LOCKS BY AIRPORT OPERATORS TO DRIVE MARKET GROWTH 93
TABLE 61 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2018–2021 (USD MILLION) 93
TABLE 62 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY REGION, 2022–2027 (USD MILLION) 94
TABLE 63 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 94
TABLE 64 NORTH AMERICA: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 94
TABLE 65 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 66 EUROPE: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 95
TABLE 67 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 95
TABLE 68 APAC: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 96
TABLE 69 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2018–2021 (USD MILLION) 96
TABLE 70 ROW: SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL, BY REGION, 2022–2027 (USD MILLION) 96
TABLE 71 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2018–2021 (USD MILLION) 97
TABLE 72 SMART LOCK MARKET FOR TRANSPORTATION & LOGISTICS VERTICAL,
BY LOCK TYPE, 2022–2027 (USD MILLION) 97
9.6 INDUSTRIAL 98
9.6.1 MANUFACTURING 98
9.6.1.1 Increased need for protecting people and properties across manufacturing sites to create growth opportunities for market players 98
9.6.2 OIL & GAS 98
9.6.2.1 Ability of smart locks to provide suitable and enhanced security to fuel their demand in oil & gas vertical 98
9.6.3 ENERGY & POWER 98
9.6.3.1 Rising demand for smart locks in energy and power vertical to prevent unauthorized access to drive market growth 98
TABLE 73 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2018–2021 (USD MILLION) 98
TABLE 74 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
2022–2027 (USD MILLION) 99
TABLE 75 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 99
TABLE 76 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 99
TABLE 77 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 78 NORTH AMERICA: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL,
BY COUNTRY, 2022–2027 (USD MILLION) 100
TABLE 79 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 100
TABLE 80 EUROPE: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 81 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2018–2021 (USD MILLION) 101
TABLE 82 APAC: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY COUNTRY, 2022–2027 (USD MILLION) 101
TABLE 83 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2018–2021 (USD MILLION) 102
TABLE 84 ROW: SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY REGION,
2022–2027 (USD MILLION) 102
TABLE 85 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2018–2021 (USD MILLION) 102
TABLE 86 SMART LOCK MARKET FOR INDUSTRIAL VERTICAL, BY LOCK TYPE,
2022–2027 (USD MILLION) 103
10 SMART LOCK MARKET, BY REGION 104
10.1 INTRODUCTION 105
FIGURE 28 APAC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 105
TABLE 87 SMART LOCK MARKET, BY REGION, 2018–2021 (USD MILLION) 105
TABLE 88 SMART LOCK MARKET, BY REGION, 2022–2027 (USD MILLION) 106
10.2 NORTH AMERICA 106
FIGURE 29 NORTH AMERICA MARKET SNAPSHOT 107
TABLE 89 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2018–2021 (USD MILLION) 107
TABLE 90 SMART LOCK MARKET IN NORTH AMERICA, BY COUNTRY,
2022–2027 (USD MILLION) 108
TABLE 91 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 108
TABLE 92 SMART LOCK MARKET IN NORTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 108
TABLE 93 SMART LOCK MARKET IN US, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 94 SMART LOCK MARKET IN US, BY VERTICAL, 2022–2027 (USD MILLION) 109
TABLE 95 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2018–2021 (USD MILLION) 109
TABLE 96 SMART LOCK MARKET IN CANADA, BY VERTICAL, 2022–2027 (USD MILLION) 110
TABLE 97 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2018–2021 (USD MILLION) 110
TABLE 98 SMART LOCK MARKET IN MEXICO, BY VERTICAL, 2022–2027 (USD MILLION) 110
10.2.1 US 111
10.2.1.1 US to hold largest share of North American smart lock market 111
10.2.2 CANADA 111
10.2.2.1 Growing awareness regarding internet-based safety and security to drive growth of smart lock market in Canada 111
10.2.3 MEXICO 111
10.2.3.1 Mexico to be lucrative market for smart locks 111
10.3 EUROPE 111
FIGURE 30 EUROPE MARKET SNAPSHOT 112
TABLE 99 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2018–2021 (USD MILLION) 112
TABLE 100 SMART LOCK MARKET IN EUROPE, BY COUNTRY, 2022–2027 (USD MILLION) 113
TABLE 101 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2018–2021 (USD MILLION) 113
TABLE 102 SMART LOCK MARKET IN EUROPE, BY VERTICAL, 2022–2027 (USD MILLION) 113
TABLE 103 SMART LOCK MARKET IN UK, BY VERTICAL, 2018–2021 (USD MILLION) 114
TABLE 104 SMART LOCK MARKET IN UK, BY VERTICAL, 2022–2027 (USD MILLION) 114
TABLE 105 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2018–2021 (USD MILLION) 114
TABLE 106 SMART LOCK MARKET IN GERMANY, BY VERTICAL,
2022–2027 (USD MILLION) 115
TABLE 107 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2018–2021 (USD MILLION) 115
TABLE 108 SMART LOCK MARKET IN FRANCE, BY VERTICAL, 2022–2027 (USD MILLION) 115
TABLE 109 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2018–2021 (USD MILLION) 116
TABLE 110 SMART LOCK MARKET IN REST OF EUROPE, BY VERTICAL,
2022–2027 (USD MILLION) 116
10.3.1 UK 116
10.3.1.1 Decline in cost of mobile broadband connection and increasing adoption of cloud infrastructure to boost demand for smart locks in UK 116
10.3.2 GERMANY 117
10.3.2.1 Growing adoption of internet-based security systems in various applications to drive market growth in Germany 117
10.3.3 FRANCE 117
10.3.3.1 Growing awareness regarding internet-based home security solutions and rising adoption of wireless portable consumer electronics to drive market growth in France 117
10.3.4 REST OF EUROPE 117
10.4 APAC 117
FIGURE 31 APAC MARKET SNAPSHOT 118
FIGURE 32 CHINA TO HOLD LARGEST SHARE OF APAC SMART LOCK MARKET DURING FORECAST PERIOD 119
TABLE 111 SMART LOCK MARKET IN APAC, BY COUNTRY, 2018–2021 (USD MILLION) 119
TABLE 112 SMART LOCK MARKET IN APAC, BY COUNTRY, 2022–2027 (USD MILLION) 119
TABLE 113 SMART LOCK MARKET IN APAC, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 114 SMART LOCK MARKET IN APAC, BY VERTICAL, 2022–2027 (USD MILLION) 120
TABLE 115 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2018–2021 (USD MILLION) 120
TABLE 116 SMART LOCK MARKET IN CHINA, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 117 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2018–2021 (USD MILLION) 121
TABLE 118 SMART LOCK MARKET IN JAPAN, BY VERTICAL, 2022–2027 (USD MILLION) 121
TABLE 119 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2018–2021 (USD MILLION) 122
TABLE 120 SMART LOCK MARKET IN SOUTH KOREA, BY VERTICAL,
2022–2027 (USD MILLION) 122
TABLE 121 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2018–2021 (USD MILLION) 122
TABLE 122 SMART LOCK MARKET IN INDIA, BY VERTICAL, 2022–2027 (USD MILLION) 123
TABLE 123 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2018–2021 (USD MILLION) 123
TABLE 124 SMART LOCK MARKET IN REST OF APAC, BY VERTICAL,
2022–2027 (USD MILLION) 123
10.4.1 CHINA 124
10.4.1.1 Increasing industrialization to fuel demand for smart lock systems in China 124
10.4.2 JAPAN 124
10.4.2.1 Rapid industrialization and modernization to create lucrative opportunities for market players in Japan 124
10.4.3 SOUTH KOREA 124
10.4.3.1 Rising demand for remotely managed and connected security devices to drive market growth in South Korea 124
10.4.4 INDIA 125
10.4.4.1 Rise in terrorist activities, crime rate, and data and security breaches to fuel demand for security and safety systems 125
10.4.5 REST OF APAC 125
10.5 ROW 125
TABLE 125 SMART LOCK MARKET IN ROW, BY COUNTRY, 2018–2021 (USD MILLION) 125
TABLE 126 SMART LOCK MARKET IN ROW, BY COUNTRY, 2022–2027 (USD MILLION) 126
TABLE 127 SMART LOCK MARKET IN ROW, BY VERTICAL, 2018–2021 (USD MILLION) 126
TABLE 128 SMART LOCK MARKET IN ROW, BY VERTICAL, 2022–2027 (USD MILLION) 126
TABLE 129 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 130 SMART LOCK MARKET IN MIDDLE EAST & AFRICA, BY VERTICAL,
2022–2027 (USD MILLION) 127
TABLE 131 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2018–2021 (USD MILLION) 127
TABLE 132 SMART LOCK MARKET IN SOUTH AMERICA, BY VERTICAL,
2022–2027 (USD MILLION) 128
10.5.1 MIDDLE EAST & AFRICA 128
10.5.1.1 Rising urbanization and increased adoption of IoT-based solutions to boost market growth 128
10.5.2 SOUTH AMERICA 128
10.5.2.1 Growing industrialization to create lucrative opportunities for players in South American market 128
11 COMPETITIVE LANDSCAPE 129
11.1 OVERVIEW 129
11.2 MARKET EVALUATION FRAMEWORK 129
TABLE 133 OVERVIEW OF STRATEGIES DEPLOYED BY KEY SMART LOCK PROVIDERS 129
11.2.1 PRODUCT PORTFOLIO 130
11.2.2 REGIONAL FOCUS 130
11.2.3 MANUFACTURING FOOTPRINT 130
11.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES 130
11.3 REVENUE ANALYSIS OF LEADING PLAYERS (2017–2021) 130
FIGURE 33 5-YEAR REVENUE ANALYSIS OF LEADING PLAYERS IN SMART LOCK MARKET 130
11.4 MARKET SHARE ANALYSIS: SMART LOCK MARKET, 2021 131
TABLE 134 DEGREE OF COMPETITION 131
11.5 COMPANY EVALUATION MATRIX 132
11.5.1 STAR 132
11.5.2 EMERGING LEADER 132
11.5.3 PERVASIVE 132
11.5.4 PARTICIPANT 132
FIGURE 34 COMPANY EVALUATION MATRIX, 2021 133
11.6 COMPETITIVE SITUATIONS AND TRENDS 134
11.6.1 PRODUCT LAUNCHES 134
TABLE 135 PRODUCT LAUNCHES, JANUARY 2020–NOVEMBER 2021 134
11.6.2 DEALS 135
TABLE 136 DEALS, JANUARY 2020–FEBRUARY 2022 135
12 COMPANY PROFILES 139
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *
12.1 INTRODUCTION 139
12.2 KEY PLAYERS 139
12.2.1 ASSA ABLOY 139
TABLE 137 ASSA ABLOY: BUSINESS OVERVIEW 139
FIGURE 35 ASSA ABLOY: COMPANY SNAPSHOT 140
TABLE 138 ASSA ABLOY: PRODUCT/SOLUTION/SERVICE OFFERINGS 141
TABLE 139 ASSA ABLOY: DEALS 141
12.2.2 DORMAKABA 144
TABLE 140 DORMAKBA: BUSINESS OVERVIEW 144
FIGURE 36 DORMAKABA: COMPANY SNAPSHOT 145
TABLE 141 DORMAKABA: PRODUCT/SOLUTION/SERVICE OFFERINGS 145
TABLE 142 DORMAKABA: DEALS 146
TABLE 143 DORMAKABA: OTHERS 147
12.2.3 SPECTRUM BRANDS 148
TABLE 144 SPECTRUM BRANDS: BUSINESS OVERVIEW 148
FIGURE 37 SPECTRUM BRANDS: COMPANY SNAPSHOT 149
TABLE 145 SPECTRUM BRANDS: PRODUCT/SOLUTION/SERVICE OFFERINGS 149
TABLE 146 SPECTRUM BRANDS: PRODUCT LAUNCHES 150
12.2.4 SALTO SYSTEMS 152
TABLE 147 SALTO SYSTEMS: BUSINESS OVERVIEW 152
TABLE 148 SALTO SYSTEMS: PRODUCT/SOLUTION/SERVICE OFFERINGS 152
TABLE 149 SALTO SYSTEMS: PRODUCT LAUNCHES 153
TABLE 150 SALTO SYSTEMS: DEALS 153
TABLE 151 SALTO SYSTEMS: OTHERS 154
12.2.5 ALLEGION 155
TABLE 152 ALLEGION: BUSINESS OVERVIEW 155
FIGURE 38 ALLEGION: COMPANY SNAPSHOT 155
TABLE 153 ALLEGION: PRODUCT/SOLUTION/SERVICE OFFERINGS 156
TABLE 154 ALLEGION: PRODUCT LAUNCHES 156
TABLE 155 ALLEGION: DEALS 157
12.2.6 HONEYWELL 159
TABLE 156 HONEYWELL: BUSINESS OVERVIEW 159
FIGURE 39 HONEYWELL: COMPANY SNAPSHOT 160
TABLE 157 HONEYWELL: PRODUCT/SOLUTION/SERVICE OFFERINGS 160
12.2.7 DAHUA TECHNOLOGY 161
TABLE 158 DAHUA TECHNOLOGY: BUSINESS OVERVIEW 161
FIGURE 40 DAHUA TECHNOLOGY: COMPANY SNAPSHOT 162
TABLE 159 DAHUA TECHNOLOGY: PRODUCT/SOLUTION/SERVICE OFFERINGS 163
TABLE 160 DAHUA TECHNOLOGY: PRODUCT LAUNCHES 163
12.2.8 SAMSUNG 164
TABLE 161 SAMSUNG: BUSINESS OVERVIEW 164
FIGURE 41 SAMSUNG: COMPANY SNAPSHOT 165
TABLE 162 SAMSUNG: PRODUCT/SOLUTION/SERVICE OFFERINGS 165
TABLE 163 SAMSUNG: OTHERS 166
12.2.9 VIVINT 167
TABLE 164 VIVINT: BUSINESS OVERVIEW 167
FIGURE 42 VIVINT: COMPANY SNAPSHOT 167
TABLE 165 VIVINT: PRODUCT/SOLUTION/SERVICE OFFERINGS 168
TABLE 166 VIVINT: DEALS 168
12.2.10 ZKTECO 169
TABLE 167 ZKTECO: BUSINESS OVERVIEW 169
TABLE 168 ZKTECO: PRODUCT/SOLUTION/SERVICE OFFERINGS 169
TABLE 169 ZKTECO: DEALS 170
12.3 OTHER KEY PLAYERS 171
12.3.1 IGLOOCOMPANY 171
12.3.2 REMOTELOCK 172
12.3.3 ONITY 172
12.3.4 MASTER LOCK 173
12.3.5 MIWA LOCK 174
12.3.6 SENTRILOCK 175
12.3.7 AVENT SECURITY 175
12.3.8 HAVENLOCK 177
12.3.9 SHENZHEN VIANS ELECTRONIC LOCK 178
12.3.10 ANVIZ GLOBAL 178
12.3.11 CANDY HOUSE 179
12.3.12 AMADAS 179
12.3.13 KEYWE 180
12.3.14 GATE LABS 180
12.3.15 DESSMANN SCHLIESSANLAGEN 181
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.
 
13 APPENDIX 182
13.1 DISCUSSION GUIDE 182
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 185
13.3 AVAILABLE CUSTOMIZATIONS 187
13.4 RELATED REPORTS 187
13.5 AUTHOR DETAILS 188